We wait for the dax to open. The Oil Important number of oil continuing to decline. Is relentless. Thats what is fixating on investors minds. Below 60. 59. 38. The 10th week of declines in Oil Prices Since october. There seems to be no end inside. Iran saying we could see prices below 40 a barrel. Some ways to go yet if youre looking at europe. Up by 3 10 of a percent. Keep an eye on the euro. We are keeping an eye on the ecb and what they are going to be thinking. Yesterday it was about the announcement of 130 billion euros being picked up in cheap loans by banks. Refinancingrgeting operation. Take it back one notch. It is the ltro. The payback will give us an idea of the net liquidity. How much cheap money, and how big is the ecb Balance Sheet . Many feel they will not hit the one trillion euro target that is going to give money to the banks money toully pass corporate. We are seeing the euro traded lower against the dollar. Lets take a look at what were watching in terms of stocks.
Face a very strong head wind. Two suspected terrorists are killed in a raid by belgian police. The threat level has been raised across the country. Welcome to countdown. The Oscar Nominations are up. Bird man and the grand Budapest Hotel top the list. The Swiss National bank lifts the cap against the euro. Japanese stocks have been falling as the yen traded at its strongest in three months against the euro on increased demand. Sovereign bonds and gold hit near fourmonth highs. This was frank is trading at close to parity with the euro. The countrys government warned about the impact of the s p decision on exports and tourism. Shares in swiss exporters went down. The swatch ceo describes the action as a tsunami about to hit the swiss economy. For more on the ramifications and the impact we go live to hans nichols. We are hearing many industry voices talking about this. Analysts and the markets were blindsided. That was the whole point. The Swiss National Bank President said that surpris
Jobs number friday. Markets slipping after weak overnight data. Present hitting new fiveyear low. The dow as we said within nine points of 18,000 and retreating today. Merck buying cubist more than 18 billion and cash. Comments late in the hour. Mcdonalds delivers another weak number. Sales missed the street, down 2. 2 worldwide. More than that in the United States. Well get to all of that later on. But first up, dow and s p, each posting a sevenweek winning streak since late november of last year. Blue chips within 48 point of the 18,000 mark. Futures falling on disappointing chinese trade data. Japans economy shrank more than initially estimated in q3. Crude falling to that new fiveyear low. Morgan stanley cut its forecast, oversupply to peak in the Second Quarter next year. But in their words, guys likely to get worse before it gets better. Once again, i mean, heres here we go. Theyre weak, thoi this is our strength. When europes down, by midmorning the money comes here we have the
About 8 billion to banks at discounted rates. The goal is to allow the firms to relend the money to small businesses. Its been more than 24 hours since swiss Central Banks shocked the financial world. It abandoned its cap on the euro an were still learning about the fall out. Regulators around the world are looking for information about what happened and how some retail brokerages entered insolvency. It says the volatility left it with a negative equity balance and its trying to sure up its capital. Lets take a look at whats happening with the u. S. Equity futures this morning. The dow was down by triple digits yesterday. The dow was indicated down by 42 points. S p few turs down by 6 and the nasdaq down by over 28 points. Of course as weve seen what happens in these early hours is no indication of what would happen by the market close. No indication of what would happen by the market open. So true. A lot of volatility out there. It is. Corporate news this morning, heres our early stoc
September, something 0. 9 . Barclays expecting italy might not exit recession before the First Quarter next year. Lets move on and give you a reminder of our other headlines. Germany and france avoid falling into recession in the Third Quarter. Gearing up for a showdown, the australian Prime Minister accuses the russian president of being a bully while the uk warns russia of further sanctions. The eu says a Corporate Tax deal between starbucks and the dutch government may have been illegal. Rallies to the top of the French Market after the Telecom Giant lifts on better than expected sales in the Third Quarter. Hi, everyone. Im seema mody. Coming up on todays show, as Oil Prices Hit a new multi year low, the uk ambassador tells us what that stake means for petro bass. We hear from a tech startup hoping to make a connection in emerging markets and paris residents are on the high alert as a tiger remains on the loose. The latest on the hunt, coming up on Worldwide Exchange. Announcer your